FLAC has published a policy paper that examines in detail recent data on arrears, restructuring and repossession activity issued by state bodies. The paper shows that while the level of arrears is dropping overall, thousands of households are being left stranded by lender’s current strategies and may well face repossession of their homes. The paper, entitled ‘Owner-Occupier Mortgage Arrears: What progress has been made towards resolution?’ analyses figures provided by the Department of Finance, the Central Bank and the Insolvency Service of Ireland respectively for the period from September 2013 to September 2014. “The indicators are here for all to see. If we want to avoid making an already dreadful housing crisis even worse, action must be taken now. Behind the wealth of data presented in our paper there are, quite simply, real human beings who deserve to have their basic rights respected and protected,” said FLAC Director General Noeline Blackwell. bit.ly/1DHSOhu
Posted on: Thu, 15 Jan 2015 10:51:19 +0000
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